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Orbite files shelf prospectus to raise up to C$60M

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Orbite files shelf prospectus to raise up to C$60M

Orbite Technologies Inc. said Dec. 28 that it filed a preliminary prospectus in Canada to raise up to C$60 million over the next 25 months.

The prospectus will support additional commercial activities related to the company's high purity alumina plant in Quebec, including capacity enhancement and to build up inventory.

In November, the company raised C$5.5 million through a public offering of units to advance the high purity alumina plant.